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to say we did have the money toank get involved. that argument. >> detroit is now the>> largest u.s. city to file for bankruptcy. it cannot manage itself we're at the end of the road we cannot borrow any morewe money. >> what happened b? it was once prosperous nown s it is iraq. >> for $1,500 you can buyhn this house for years politicians could say they could fix d street. that is its. john: instead. >> they turned city hall into a den of bribes and kickbacks making themselves rich. john: is there hope for places like detroit? >> it will turn around the city of detroit. >> the motor city. this is will we do. john: what's up with detroit? can this happen to your town? that's our show tonight. ♪ >> and now john stossel. ♪ john: detroit was once the richest city in america. i was three years old and. that was the 1950's. now it's the biggest u.s. city ever to declare bankruptcy. so what happened? our guestsonight have some clues. first, fox news reporter works etroit and justrote, detroit, an american autopsy. an autopsy, one examines the dead body and tries to find out what killed him.
was born in detroit. best export, >> yeah. we had madonna from detroit and also tons of votes for kid rock. i mean music is a huge, huge part of detroit. and, of course, that's it for "way too early." "morning joe" starts right now. ♪ >> good morning, everyone. welcome to a special edition of "morning joe." it's thursday, august 29th. we're going to have a great time here in detroit. we're live from the ford flat rock assembly line. just outside of detroit in flat rock, michigan. and this is an active assembly line, about to get busier as the morning progresses. >> unbelievable news today, ford is actually returning the production of the ford fusion to this plant. >> big news. >> from mexico. it's a $555 million commitment and what does that mean? that means more jobs for americans. >> about 1400. >> great news. >> we're going to speak with ford ceo alan mullally and coo mark fields about this important investment in u.s. manufacturing and what it will mean for the overall economy. >> and we're here to tell the story of detroit as well as the city's bankruptcy, it's been in the news, it'
. >> you'll hear dreamers say we have to rebuild detroit and make it what it once was. it can't be that. there's only two auto factories left in the city limits. those jobs will never come back. what we have to do is create a new, different detroit with modern jobs, modern families, modern households. we'll never repopulate to 1.9 million but we could do better than 700,000. >> this morning it's a special live from detroit because as it teeters on the edge, it's also showing signs of life. >>> morning everybody. it is thursday, august 28th, we are live at the ford plant in flatrock, michigan. now they make the iconic mustang here that i drove in on and soon they'll add more than 1400 jobs to make this car, the ford fusion. it's right now being made in mexico but they are expanding it because it's so popular and they'll make them here. we'll talk a lot more about the auto industry here in detroit and the impact of motown music on the city. all that in a few minutes. but first, the latest on syria. the white house is forging ahead with preparations to launch some sort of attack and believ
and about with them today. >>> detroit's emergency manager downplays the city struggles we get the real store from the motor city. >>> reminder, don't forget to check out chris matthews at 7:00. too big. too small. too soft. too tasty. [ both laugh ] [ male announcer ] introducing progresso's new creamy alfredo soup. inspired by perfection. new creamy alfredo soup. cashback concierge, here. what is a cashback concierge? well there's lots of ways you can get cash back. i'm here to help you get the most out of your cash rewards. it's personalized, and it's free. i want that. we have a concierge! at discover, we treat you like you'd treat you. get the it card with cashback concierge. >>> social media has decided. here are this week's top trenders. >> they're not as bright, i don't care what they say. >> i fire the person that starts to purchase fluorescent light bulbs. stu, from you, i would like a memo that global warming is a pile of crap. >> glenn beck joins the anti-green team. >> the pigtail as we call it. we don't need the light bulb police umpts the energy-efficient, ugly and smelly
in cities. what does that mean? more skyscrapers and congestion? more detroit? we'll look at the upsides and the down sides of an ever more urban world. we've got a terrific battle that has some surprising ideas. >>> also, "les miserables." it turns out that the book by victor hugo is the all-time favorite novel of a middle eastern leader that the west counts as an enemy. i will explain. >>> but first, here's my take. we are watching a season of discontent in a world of young democracies, from egypt to turkey to brazil. protest marches and one coup. as we watched the turbulence around the world, i think about our own democratic journey and how interesting it is that the distinctive feature of the american system is not how democratic it is, but rather, how undemocratic it is. hear me out -- we have three co-equal branches of government. and the one with the final say on many issues, the supreme court is composed of nine unelected men and women. the american senate is the most unrepresentative upper house in the democratic universe, with the exception of britain's house of lords, which is
of despair looms large over motown, detroit's next mayor will be former hospital chief mike duggin or the man we'll meet this morning, wayne county sheriff benny napoleon. august 27th, this is "the daily rundown." lets get to my first reads of the morning. secretary of state john kerry laid out an aggressive case for intervention in syria arking evidence of the largest chemical attack in decades is undeniable. the latest escalation with a steady drum beat by the united states and its allies, which is clearly a leadup to military action. >> the killing of women and children and innocent bystanders by chemical weapons is a moral obscenity. president obama has made clear to the outside regime that this international norm cannot be violated without consequences. >> it's an important phrase. you heard it a lot, not just from john kerry but jay carney, international norm, significant, ready for strike significant on three main tracks, one, intelligence community backing up conclusions the chemical attack was launched by the regime. that could happen as early as today. two, determination of a legal
the fusion in u.s. for the first time at a plant near detroit. they hired 1400 new workers for the plant which will produce 15,000 vehicles a year. that's 30% more than in mexico. >> and nintendo cutting the price on the wii u game console to compete with the xbox one and playstation 4. that's in time for the holidays. back over to you. >> don't you love talking about the holidays in august. >> there we go. >> thank you, jackie. speaking of minimum wage, four strippers filed a class action lawsuit in colorado federal court. they claim that their employer, fantasy gentlemen's club in grand junction violated federal and state minimum wage laws. >> ladies just want to get paid. and a delta 4 heavy rocket was launched on wednesday. the classified payload is believed to be $1 billion high powered spy satellite. >>> starbucks is selling a limited crystal incrusted tenth anniversary mug. it's going for $150. >> a popular television commercial selling insurance was the inspiration behind this florida business that brought nomad the camel to work. what's the occasion? well, hump day of course. i
. >> other playoff baseball the tampa bay rays lost to the angels. oakland beat detroit. braves won again and the pirates lost to the brewers. >> come on pirates. >> went 3 for 4, two rbis in my softball game. >> you laid down a couple doubles? >> i hit a couple, no one. >> did they bring out the respirator? >>> let's go to the u.s. open. 296th ranked victoria duval stunned samantha stoeser. it is her first win against a top 20 opponent. her family comes from haiti. her father was actually buried in the rubble in the earthquake three years ago and had to be dug out of the rubble. >> that's an incredible story. >>> more drama from the new york jets camp. the team signed former green bay packers quarterback. he was released after losing out to vince young in green bay for the number two spot. harrell expected to report with the team today. another quarterback joins on the jets roster. rex says he may not make anyone a starter until opening day, day of the game. bring in more quarterbacks. >>> still ahead on "morning joe" governor rick snyder joins us ahead of tomorrow's special show in detr
. appreciated. >> detroit is now the largest u.s. city to file for bankruptcy it cannot match it -- manages self. >> were at the end of the road. we can borrow any more money. john: detroit was -- now in such a wreck. >> for $1,500 you could buy this house. john: for years politicians promised that they would fix detroit. >> detroit show again become the great city that is its destiny. john: instead. >> they turned city hall into a den of bribes and kickbacks making themselves rich. john: is there hope for places like detroit? >> it will turn around the city of detroit. >> the motor city. this is will we
in detroit. let's bring in now, former governor of pennsylvania, and nbc news political analyst, ed rendell, also editor in chief of "parade" magazine maggie murphy. the latest issue of "parade" is a labor day report on putting america back to work. let's jump right into it now. manufacturing is returning, about five, six, seven years ago, you start ed realizing tha the cost of producing products in china were going up, the labor prices were going up with fuel costs up, shipping costs a lot more, companies in america started reorganizing. yesterday an extraordinary story about the uaw and ford joining arms, locking arms, 20,000 new jobs coming to detroit right away. i mean, things are really turning around. and you look forward over the next decade, it speeds up. we've got an energy boom coming. the likes of which we haven't seen in 100 years. it's going to get much cheaper to make products in america. >> it's going to get cheaper and the other thing along with companies and sort of the economics that it's good to grow some stuff here, consumers now connect by u.s. products, u.s. jobs. down
. in detroit -- what a show. >> it's where capitalism, pop culture, first amendment, politics all come together. sometimes there's a moment of clarity. that was that moment. >> i'm holding my script close to my face because i'm legal live blind and my contacts don't work right now. in detroit a police commander has mistakenly released a document -- >> oh, come on! come on! look at this. >> i'm going to the merger. go ahead. >> the police department has mistakenly released a document containing the bra size of several female officers in an of the to say who has received bullet-proof vests. come on. come on! >> now back to you. >> hello, san diego. >> hello, san diego. >> all right, we're going to -- >> i have to ask the question because i'm a journalist. >> are you? >> it's a vest. female vest. >> i regret all of this. >> i would like to go back to 6 a.m. east coast and rerack the tape. >> we also want to talk about possible fed choices and the obama care story. >> industry officials are surprised of the move that would prevent the creation of the world's largest airline. nbc's tom costello repo
, superheroes team up and head to detroit. batman, superman bringing millions to the motor city. but can they save the city in the brink? >>> and back in the saddle. ryan vickers return to the saddle after a brush with death. cnn "newsroom" starts now. good morning. i'm carol costello. thank you for joining me. a coalition to support military strikes on syria appears to be unraveling as a key ally backs away. britain's refusal to take part "the british aren't coming." the british aren't laughing. cnn's atika shubert is live in london. >> reporter: good morning. "cam down" from "the sun" and humiliated, "no to syria strike." and that's the main word throughout the headlines here, is humiliated. basically, it was a resounding defeat. there was a lot of emotion and anger in the house of commons, particularly directed towards opposition labor leader. you saw in "the independent," there was an expletive background to one reporter about the vote and what happened. and for that reason, there was a lot of anger in parliament last night. there were shouts of resign and shame. in the end, prime mi
? detroit, you got company, and unions, i think you peace of mind is important when you're running a business. century link provides reliable it services like multi-layered security solution to keep your information safe & secure. century link. your link with what's next. 72 who says that detroit should have all of bankruptcy fun. neil: san bernardino, california, not far behind, city wants to crackdown on union benefits now way out of line, so out of line that city fears without the filing it will be finished, michelle fieldses said better to cramp down on unions now for their own sake as well as taxpayers sake. stuart acuff disagrees and said that the workers were promised their pensions, michelle, you think they have to do this now. >> any decision that takes power away from the union is a good decision, san bernardino was originally i middle class nice area, has turned into tons of foreclosures, and tons of poverty, the reason has to do with unions they got involved in the city council elections they put tons of money to ensure that union-backed piticians got elected and made s
less for you. big thunderstorm complex diving down towards michigan. get ready in detroit. 6:00 to 7:00 a.m. in detroit. rain and thunderstorms heading your way. unsettled in new england. look at the middle of the country. this is as hot as it gets for this time of year. >> summertime still in effect. thank you, bill. >>> concerns over syria push stocks below the 15,000 mark and could cause gas prices to rise. >>> plus, a measles outbreak is causing major concerns. you're watching "first look" on msnbc. if you're seeing spots before your eyes, it's time for aveeno® positively radiant face moisturizer. [ female announcer ] aveeno® with soy helps reduce the look of brown spots in 4 weeks. for healthy radiant skin. aveeno®. naturally beautiful results. aveeno®. nascar is ab.out excitement but tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. that's why we partnered with hp to build the new nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and sto
detroit, america is in big trouble. that's our show. see you next week.dends to watch, and have a great night. lori: a very good evening thank you so much peer being with us, i am lori rothman in for lou dobbs. >> obama administration making its case for taking military action against syria, briefing lawmakers about their conclusion that syria government carried out a large scale chemical weapons attack, tonight we speak with fox news military analyst, general jack king on whether the president is justified in takes action. even without the backing of allies or the united nations. >> and questionsemain about our involvement in libya. and the terrorist attack in benghazi, we'll talk with larry ward, a group of special operation veterans who are calling on house speaker john boehner to create a appreciate committee to -- special committee t investigate the attack. >> and administration refusing to enforce a law it does not like, now giving states green light to adopt regulation legalizing small amounts of marijuana, dobbs lawakes up the case with our attorneys, ww begin with new o
games in the ongoing investigation, and among those, texas rangers right fielder cruz, detroit shortstop, and still no word on yankee's star alex rodriguez. adam: embassies authorized to open by the state department after they were closed sunday because of a threat from al-qaeda. nineteen posts, however, remain closed as a result of what the state department calls an exercise of caution. back in the united states, no suggestion that new york city faces a direct threat. the nypd made no changes, even as the department of homeland security beefs up its presence at airports and train stations. fox news middle east and terrorism analyst joining us with the latest development. i got to let you know, i'm going to bring something into the discussion, you know, the price of oil is actually falling right now, indicating that at least investors don't seem as concerned as the u.s. government. is this a false alarm? i mean, we have members of congress saying it was a cred l -- credible threat. >> look, the financial world is always concerned about the financial root, the financial structures, so if
donald's and other fast food chains. >> i was with them in detroit. >> you were probably out there with them. >> yes, i was. >> you were in detroit. they are pushing for higher wages because you were there and you know. they like the 15 dollar an hour mark there. no major changes yet because that was not the first strike. do you think a bigger change might be happening in the future? >> absolutely, richard. the thing that i've noticed is more and more government officials are joining these workers on the picket lines. we have had clergy, a lot of clergy with us that have been with these workers from the beginning in detroit. >> when will this break, though? >> i think that's a question that when you look at history, there's always been change. henry ford decided to make the five dollar day possible when nobody thought that was what autoworkers should earn. we have had janitors and security officers that were in minimum wage jobs that are now in living wage jobs because they joined together and said, we need to bargain with our employers to have wages that make sense, both for the employer and for wo
,000 people. time to gather around the watercooler. lewis is fresh back from detroit. you had to give the car back. >> i was crying all night last night. let's start in japan where their take on candid camera is not for feint of heart. take a look. >>> that's unbelievable. i don't know what i would have done there. there's some new criticism of miley cyrus performance and coming from an unexpected source. the man they say created the original number one hand is joining the chorus, steve trammell said she took an honored sports icon and degraded it. he came up with the number one finger to support his high school basketball team back in 1971. y don't know about you, but i think can we take a dog in the street fight. this video shows you otherwise. you see there the dog is obviously the aggressor. this grate dane chased down the kangaroo. they face off in a swamp. i expect this to be a one sided affair but the kangaroo just takes that dog. it's unbelievable. the kangaroo had one may have advantage arms and a great boxing stance. you can see it. using them to keep the dog at bay. now i know why
luck detroit now looking to see if it has anything valuable they met life you to -- they might give you to sell. they have hired christie's auction house to display the massive art collection. the appraisal is necessary but right now detroit has no plans to sell any of the 60,000 works of art. >> the time now is 18 minutes after the hour. next on the rundown a program designed to help our wounded warriors excel in business. it is instead helping cons line their wallets. a truck looking over a guardrail off the massive highway. it is all caught on tape. the amazing ending to this crash you will not believe. mine was earned in djibouti, africa. 2004. vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection and because usaa's commitment to serve military members, veterans, and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. still running in the morning? yeah. getting your vegetables
're going to see that -- >> in detroit. >> stop it. >> women. it's just going to be horrible. >> all right. >> how can you make cars when you're doing that? it's now -- it's now an industrial problem, willie. >> all morning -- >> why do you think the japanese are beating us? >> miley cyrus. >> miley cyrus. >> we're actually going to take an in-depth look at the causes of the financial crisis that gripped the city and the innovators who were working to dig it out. coming up today on "morning joe" -- >> and twerking. >> stop it. >> chris mathews will be joining us along with the "washington post" david ignatius, financial times gilleyen tett and dr. nancy schneiderman. up next the top stories in the politico playbook. bill karins with a check on the forecast. >> good morning. as far as the rim fire went in california yesterday, firefighters got a little bit of control. not a lot. we went from 7% containment to 20%. it's still threatening the drinking supply, the reservoir that supplies 80% of the water to san francisco. worried about the ashes contaminating the water as the fire continues to
to the end of july, the bankruptcy of june choi it -- the bankruptcy of detroit. there was an interesting confusion ourng media assistance. we have not seen that. detroit has faded away from the conversation in washington. have you been working on that with the ministration? do you think something is forthcoming? what would that -- what is key here, what would that systems entail? the fed can lead to detroit? more infrastructure grants go to the city. try to be as specific as possible as what the federal solution would be. >> we do not have time to wade through all that be specific. 30 seconds or less. let me talk about bankruptcy in able get to as much of your question as we can. there are two instances over the last couple of months where there has been abuse of the bankruptcy laws. take the one dealing with people and minerals. peabody coal has been in the industry for 100 years. they became a staple. alone back inand 1970. what do they do? arch get all of the legacy costs from a all those hundred years. the create this coal company called patriot. they put all most all of the legacy c
and more than half of the company's 1.3 million u.s. employees are on its health care plans. >>> in detroit a federal judge moved up the a hearing on the city's eligibility for bankruptcy. instead of october 23rd, egin on september 18 to determine whether detroit is insolvent and if the city negotiated in good faith with its creditors. >>> texas is home to four out of top five cities for u.s. business. baltimore was fourth and hughes to infifth. rankings are based on growth rates, local taxes and regulations. >>> that's the latest from the fox business network, giving you the power to prosper. lori: who wants to intentionally step on broken glass when you go to the beach? well some florida beach communities are actually talking about putting it in the sand. joining me now from miami beach is fox's phil keating. hi, phil. >> hi, there. down here in florida, sand is is like gold. it draws millions of tourists every year which contributes $70 billion to the state's economy. believe it or not because of erosion constant along the coastline, you can see it with the three or four foot drop down t
-free municipal bond, but does detroit give you cause for concern? and other cities across the country that are in similar condition? >> well, i wouldn't touch the cities. you've got to do your homework. so, cities, whether it is harrisburg or detroit or stockton, california, they're are a number of cities you've got to get under the hood and look at the credits but if you look at the highest grade, quality tax-free bond today, they're out there with the yields between 4 and 5% and they're not city credits. they're not detroit's. when that analysis is done, at our present tax structure the taxable equivalent yield is about nine. where are you going to get nine in a liquid investment of very high credit quality? i don't see very much of it. so we shifted allocation to tax-free bond. ashley: very good. do your homework. always good advice. david kotok, thank you so much for joining us. we appreciate it. >> thank you. lori: let's take a specific look at the market because the gains thus far are evaporating slightly. lauren simonetti joins us from the floor of the stock exchange. you're wa
are from the same hymn sheet. i do want to talk about how new york could become detroit, this would be the first giant step toward it. stuart: if i were voting, it would be christine quinn amazing enough. at least she would keep charter schools going. charles: exactly. stuart: this guy built a company from the ground up. a real american success story. london liquidators. talking to ceo, tom sullivan. one of charles payne favorite picks. mr. sullivan is coming up. ♪ make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you start using active trader pro today. then you'll know how uncomfortable it can be. [ crickets chirping ] but did you know that the lack of saliva can also lead to tooth decay and bad breath? [ exhales deeply ] [ male announcer ] well there is biotene. specially formulated with moisturizers and lubricants, biotene can provide soothing relief and it helps keep your mouth healthy, too. [ applause ] biotene -- for people who suffer from dry mouth. folks have suffer
with more from detroit. >> there are tens of thousands of abandoned homes like this one across the city. that has led to increases in crime, decreases in property value and a drain on precious city dollars. the goal of the new initiative is to take these abandoned homes and in turn, decrease foreclosures, rebuild neighborhoods by making them look like this. >> stay away and will be shot. sounds like a common sight in neighborhoods all across the motor city where there are more than 78,000 abandoned homes, most of them fall out from the housing crisis. morrison 30 of those are on robert couch's small street and are magnets for swatters, scrapper's and criminals. >> let the community down, it is no community, we do what we can put neighbors can't do it by themselves. >> help is on the way in the form of wrecking balls and dump trucks. in a first of its kind program michigan is taking on detroit's foreclosure crisis and attempting to stabilize its neighborhood by demolishing 4,000 abandoned homes across the city calling it the largest ef history. >> by eliminating the blight in a neighbor
the challenges in front of detroit. >> yes, that was really good. that was really good. >> very nice work. >>> speaking of the consumer, kelly evans talked about it on the i yesterday. >> morning, yeah. >> not your father's volatility is the joking reference here but, in fact, there's quite a bit of important things happening below the surface. gdp report which showed 2.5% growth, critical. what we need to see is that kind of performance repeated in the second half of the year to support interest rates at these levels. look at what's been happening with regard to where we've seen more of the action lately. not in the stock market so much, and we can see the narrow trading ranges we've been in. the vix hasn't gone anywhere. the story is about the volatility, guys, in the bond market. there's a term for this that the fed uses and has been focused on lately. it's called term premium. the fact that we've moved on the ten year. the key interest rate which determines everything from mortgages to speaking the cost of finance across the economy, the fact that that's gone from below 1.7% to almost
detroit. >> right. >> well, detroit is a great symbol of failure. anyway, thank you, glenn thrush. thanks for giving us the idea for the piece. what he is going took tomorrow about economic inequality, not just racial inequality. >>> up next, bachmann's stand. we're talking about michele bachmann. a new ebook just came out. more trouble for her. her staff is in revolt. even her own people on coming out against her on her way out. this is "hardball," the place for politics. ols... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to share? a data plan. at&t mobile share for business. one bucket of data for everyone on the plan, unlimited talk and text on smart phones. now, everyone's in the spirit of sharing. hey, can i borrow your boat this weekend? no. [ male announcer ] share more. save more. at&t mobile share for business. ♪ [ crisp crunches ] [ rumbling ] [ crisp crunches ] whoo-hoo-hoo! guess it was. [ male announcer ] pringles, bursting
, to seattle, to boston, to milwaukee, to wilmington, to detroit, to charlotte, the largest city in a right-to-work tate in the south. today's demonstrations are an indication of just how the movement has grown over the last several months. a first week on this show, we covered a one-day fast food worker strike then being called the biggest job action ever in that industry. then last month, more than 2,000 fast food workers went on strike in seven cities including chicago, st. louis, kansas city, missouri, flint, michigan, new york, milwaukee, detroit. not only has the movement grown, but it has captured the national imagination. >> $15 an hour. what do they think, those arches are made of gold? >> earl eaier today we reached to several companies to see if they had anything to say. i'd very much like to discuss the issue with the representative of any of them. less than a handful responded. mcdonald's issued a statement. "mcdonald's aims to offer competitive pay and benefits to our employees. it will be business as usual for us." folks at burger king told us their restaurants provided an en
, walking out of their jobs forcing the closure of at least one mcdonald's in detroit, protests took place in 1 14 many cities -- in many cities demanding pays to $15 an hour. my next guest said that conflict in syria creates a unfriendly environment for the markets despite some up lifting economic news today, welcome steven whiting. syria, a new worry that many investors are not app days pay theeing, how does it affect the market. >> it added to a range of concern, tapering issue by fed goes on and on. the general troubel that has been in emerging markets, trouble to get savings flows they had in past decade, a lot of turmoil in the currency markets. lori: why is that important? many are hitting multiyear lows right now? >> this is a big trend change, in last decade dollar fell in 8 out of 10 years through 2011, and domestic investors tried to move their money overseas are international investors tried to leave dollar-based assets but the dollar got cheap, a lot of things like pick up in crude oil supplies from united states, making effect of syria and other disruptions in the middle eas
. >>> listen to this one. detroit on the rebound question mark there? federal, state and local officials are kicking off a new campaign spending more than $50 million to tear down thousands of abandoned buildings in order to help revive some of the city's hardest hit areas. let's talk about this. garrett tenney is live for us in the motor city. the big question is, is this going to help? >> reporter: well, heather of the goal of this program is to stablize neighborhoods and redice foreclosures like taking homes like these and making them look like this. stay away and scrappers will be shot. signs like these are common site in neighborhoods all across the motor city where there are more than 78,000 abandoned homes. most of them fallout from the housing crisis. more than 30 of those homes are on robert couch's small street and have become magnets for squatters, scrappers and criminals. >> bring our neighborhood down, our community down. it ain't no community. we tried to do what we can as neighbors. neighbors can't do it all by their self. >> reporter: now help is on the way in the form of
's interesting. i'm running out of time and i've got to get to this. the mcdonald's in bankrupt detroit was closed yesterday because of that $15 per hour fiat wage that they staged a strike. and bankrupt detroit's mcdonald closed. what, have you got anything to say about this $15 an hour fast food wage? >> this is unbelievable, stuart. it's so easy for the unions and politicians to go after multi-billion dollar corporations, these ceo's, who this has nothing to do with mcdonald's. they don't control the franchise wage scale. so you have mom and pop stores that are affected by this. less than 5% of fast food workers are affected by minimum wage. the average minimum wage worker in the united states, the family brings in $53,000 a year, and this is a grab and they're trying to get it through the minimum wage argument. stuart: relax, john, you've got the beach behind you and you'll be there i'm sure. >> yes, sir. stuart: he's in bermuda. great weekend to you. the top of the hour we've got the man who wrote the book on unions. and does he think this administration is going to cave to the rec
brands. the gap between the detroit three and asian automakers is now widening. european brands come out on top with 85 points in the ratings followed by asian brands like toyota and honda at 84. and then american brands like gm, ford, chrysler down at 82. the industry average clocks in at 83 points. the declines to ford, gm and chrysler do not yet have an impact on sales, but analysts say if they slip further, it could be a problem. this survey talked to more than 4,000 customers randomly in this quarterly report. back to you, heather. >> it's ainsley. thank you so much. not a big deal. >> 50/50 shot. >>> well, an american hero awarded the nation's highest military honor in washington for his brifry. this is a great story. army staff sergeant ty carter risked his life to save his fellow soldiers during a deadly firefight in afghanistan that was back in 2009. wt ch wtgg reporter tom fitzgerald has more. >> reporter: it is the nation's highest military honor. >> the medal of honor to specialist ty carter. >> reporter: at the white house monday, ty carter was presented with that honor and
it happening at local level, detroit, cleveland, cincinnati, pittsburgh, kansas city, every time they raisin come taxeraisincome taxes the p, cities like kansas and st. louis, said if we fry to try to hike taxes on income we have to revisit the law to make sure we do not lose population. neil: going around them so maybe rich don't notice? >> it about why we need tax reform. so complicated, that people say enough, they throw up hands say enough, i think this shows we need to comp hencively reform u.s. tax code. neil: do you know what i think. when you leave your country over tax rates -- >> on some levels, my sympathy goes with the little guy, who is caught up in this. neil: are you a citizen in both country? >> i am a green card holder here. neil: you have kissed the -- >> no, i am still a citizen. >> there is a double jeopardy rule. we have a treaty, brits and americans do still talk. neil: we love you to date, and who could forget monty python. here i thought donald trump ruthless when it came to firing people on the spot, the guy at aol has him beat by a mile, at least donald fires them i
, he did one in 1960 to '61. another in detroit. so he put them all together to deliver this incredible message that moved the nation and our world. >> that crescendo that came at the end, that build, the speech was kind of prosaic, then he started talking my country 'tis of thee from the song. and the references to the bible and shakespeare. "the new york times" today pointed out -- people are going to be studying this for years. the source material of the bible, of shakespeare, of woody guthrie, of the declaration and documents all enriching that one statement. in 17 minutes. >> i mean, that's the brilliance of it. that was the brilliance of who he as an orator was. and "i have a dream" is probably one of the most well-known speeches on the planet. >> around the world. >> around the world. unquestionably. and i think certainly today represented some of that. with all the coverage from rural networks. i've done so many things from bbc that i've ever done in my life. but because of the importance of this message. >> what's it like when you hear him say on tape again my four little child
it in ohio, detroit, pennsylvania. >> they're doing it in texas. >> it would create jobs. so many opportunities for all americans. there is your answer. >> i want to add one point. i lived in atlanta. the day i arrived in atlanta, my first day on the air i got a call from maynar, d jackson. i got to know andrew young, josea williams. martin luther king's driver. i got to know these guys. what they did many the face of such hostility is an amazing profile in courage. what they did made this country better. >> absolutely. >> the president gave a good speech today, bob. one of the best speeches i have heard him give. >> talk about entitlements. unfortunately president obama has only expanded entitlements to make whites, blacks, hispanics more dependent. it's not helping anybody. you and i know more could be done in washington, d.c. it's cultural. when you have a president who is -- i know you don't like him. i don't like what he does. h's a good father, appearingly a good husband. there are no sex scandals. he's there for his kids. his pants are pulled up. he speaks gramattic -- corr
the retail investor has got a scare. they heard about detroit. read the headlines about rising rates. dominate the fund market. 5% of bond markets have been sold the last three months. i can get it, 5.62% on ten-year, i think that's a great trade right now. >> what are you buying right now? >> i think we have the names mixed up. >> i'm ron. that's steve. >> i'm sorry. >> that's okay. i could have sworn when i asked ron the question, he answered it. >> sorry about that, guys. right now, we're kind of focused right now on in a fixed income markets. high yield, we think floating rates is a great opportunity. on the equity sides, what we have done, and interest rates rising over the long hall as we eliminated our position and we have added some points in the market. we can see a correction 5 to 10% we have looked at on equities. for ou client and what we are doing, we are looking long-term. >> do you think as well the municipal bond market has opportunity here? >> i think we do. if tax rates are going higher, no ifs, ands or buts about that. yield are more attractive p one thing to worry
index raised in august. now in detroit, a federal judge has moved up a hearing on the cities eligibility for bankruptcy. the top five for small businesses. said, san antonio and dallas. baltimore and houston came in next. that is the latest from fox business network. giving you the power to prosper. ♪ connell: jack lew saying our nation will hit the debt limit in late october. to d.c. now and rich edson. >> neither have an opening offer. they refuse to negotiate. that glue claims based on our latest estimates, extraordinary measures are expected to be exhausted. failure means irreparable harm to the economy. one analyst agrees. >> we still will have a very nasty situation where people do not trust us anymore and they want more money. >> the u.s. can expect a severe amount of confidence. while lawmakers return to washington in the next few weeks to figure this out, congress may have more time than he is claiming. officials said they would have only 50 billion in cash, but treasury ran a surplus last september which traditionally is a huge thing. connell: thank you. a great rapport. rich
at the revamped plant in flat rock just outside of detroit. this is a big deal for ford, the auto maker hired 1,400 more workers to build the fusion. the company just couldn't keep up with the demand for the mid-sized sedan. until now ford built fusions only in mexico. well, now ford completely transformed the flat rock plant to make fusions and mustangs on the same assembly line. >>> fast food workers are on strike today pushing to be made more, about $15 an hour. most make about $9 an hour and they want the right to union eyes without retaliation. alison kosik has the story. >> my name is shenita simon and i work at kfc in brooklyn and i make $8 an hour. >> i i make $9 an hour. >> tale of two people and one story. they're just two of the 3 million workers living on a fast food wage. >> pay my light bill, should i pay gas? i never could pay it all at once. >> pamela loves her job. >> fries, fries, fries. >> says she has to prioritize. >> right now the gas is off. i have had lights to be cut off, too, but it is kind of hard to live without lights. >> how do you make ends meet? say you go to the
. in 2010, the national graduation rate was at 78%. compare that to cities like atlanta at 66%, detroit 62%. check out philly, my hometown, 58%. what's even more depressing is the graduation rate among african-americans who actually make it into college. according to the journal of blacks in higher education, african-americans who actually make it into college. according to the journal of blacks at higher education, that is only 42% at college, once you get in. a new book tells the fascinating story of how african-american students do well at the time they had limited resource, at dunb d dunbar college. allison, thank you for joining us. let me ask you about generations and progress and your experience with your family, which is perhaps the heart of this story of t . what has happened over the last several generations? >> it is an amazing story, i told you, chris, i'm working on a story about dunbar high school, i was working on a story where my grandfather went, my parents went. he goes, oh, you're one of those, because you knew the story of dunbar, the athlete school during segregation,
. >> obviously the more that can be build here and more jobs that can be created the better. >> the detroit region needs it. it's good news for those guys. >>> let's talk starbucks. >> okay. on this one i believe is for your executive producer, a little shoutout there. >> she does like this drink. >> pumpkin spice lat latte. what are we talking about? starting today and in honor of the tenth anniversary of the pumpkin spice latte, starbucks is giving consumers the opportunities to get your hands on one before the official launch begins. you have to know the secret code. what is it? "psl10. you go in, ten that to your into risa, and then you can performed a pumpkin spice latte before the launch, which is going to be after labor day. >>> our she tried it this morning. >>> hollywood is celebrating a great season. box office is up 10% over last summer, and on track to beat the summer record of $4.4 billion. here are the summer's top five films. "fast and furious 6" "monsters university" is fourth. third the superman reboot "man of steel." "despicable me 2" 351 million. the number one movie of t
any wrongdoing in the matter. implications for detroit, a judge ruled the city of san bernardino is okayed for chapter 9. the biggest issue is pension costs, accounting for about 80% of its annual budget. at a nationwide strike of fast food workers is set for today. workers calling for higher wages. that's what this strike is all about. organizers are pushing for pay of $15 an hour, that's more than double the federal men mum wage of $7.25. joe. >> if you then said, okay, a third, we'll do that, but 40% of you will no longer have that. >> we're talking about. >> down that will work? if you said, okay, we'll do that, but only 40% of you will no longer have the job. >> i think they will be very unhappy. >> they'd say no, never mind. up next, currency itself, a rare studio appearance by bori boris schlassberg. it would be weird that someone mentioned we could be ike and tina. >> i was trying to keep that off if shelf. >> what investors can expect in september. "squawk box" will be right back. announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alon
of the al qaeda network in yemen. he was behind the foiled underwear bomb blot on a plane over detroit. well, now there's word he's developed a surgical technique to implant bombs in a person's body. reportedly, he planted a bomb in his own brother's body in an unsuccessful attempt on a saudi arabia official. his brother died in that attack. >>> the city of johannesburg south africa is apologizing to nelson mandela and his family for mistaken posting a -- mistakenly posting a note on his house that demanded $660 was supposed to have been delivered at a different house. >>> japan is calling for the eradication of nuclear weapons. it marks 68 years since the atomic bombing of heir rowshy ma -- hiroshimo. that killed more than 145,000 people. japan has been debating the use of nuclear energy after the meltdown from the tsunami in 2011. >>> new information in a possible motive in last night's deadly rampage at a council meeting in ross township right outside of pittsburgh, pennsylvania. witnesses say the gunman burst into a board of supervisors' meeting and started shooting. police arrested that
trying to negotiate with iran on its nuclear weapons. >> bill: detroit on edge after a super cat is seen to be roaming the neighborhood. bill: many say they are scared for little kids playing in the area. listen to these people who describe the mysterious animal. >> it's tall with very long arms and a long tail and a small head. >> it looks like an evil thing. i just ran. you just ran. you didn't want to look at it any longer. >> it just walks through the block. it's not scared of anybody. i'm scared to walk the neighborhood. it come out on you. >> i ran in the house and it was real scary. i said i'm never going back there again. bill: humane society officials moving in there. but they have got to locate him first. martha: he has a long tail. he's not a bobcat. he looks like a combination of a leopard and a bobcat or something. bill: hiding out under the left quarter panel of that vehicle. martha: i'm not going back around there again. a 12-year-old boy who really kept his cool under some frightening circumstances after two burglars broke into his home when he was alone. now the little b
wisconsin into lower michigan, holding together here for us, trying to make a run for detroit. so, maybe a little later this morning a few rumbles of thunder will be sneaking in there, and that's actually going to be the zone where we could be looking for some severe storms. anywhere in the red, central wisconsin back down across into portions of the upper ohio valley. we'll look for the main threats to be damaging winds and a bit of hail, but we can't completely rule out the isolated tornado either. south of all of that, it's the heat. that continues out there for us. we've got heat advisories, excessive heat warnings minneapolis down towards des moines. des moines's going to be a spot that we'll be talking temperatures getting up into the 100s, all thanks to this big ridge of high pressure that's in place. temperatures 10 to 20 degrees above average. so, that puts us well up into the 90s in many of these areas, and look at omaha, 100 degrees expected for today. so, a take it easy day in midwest. meanwhile, this big ridge is going to eventually slide into the south, so areas that have b
. thank you, rick. like markets, it's been a rough couple months for detroit, but superman is on the way. we'll explain what we mean by that when we come back. but tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. that's why we partnered with hp to build the new nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. (announcer) scottrade knows our and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company." [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patie
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